Pony AI Inc. (NASDAQ:PONY – Get Free Report)’s share price shot up 7.3% on Tuesday . The company traded as high as $16.25 and last traded at $16.16. 233,228 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 671,467 shares. The stock had previously closed at $15.06.
Analyst Ratings Changes
Several analysts have recently issued reports on PONY shares. The Goldman Sachs Group began coverage on shares of Pony AI in a research report on Monday, December 23rd. They set a “buy” rating and a $19.60 target price on the stock. Bank of America began coverage on Pony AI in a research report on Monday, December 23rd. They set a “buy” rating and a $18.00 price objective on the stock.
Read Our Latest Stock Report on Pony AI
Pony AI Stock Performance
Pony AI Company Profile
Pony AI Inc, through its subsidiaries, engages in the autonomous mobility principally in the People’s Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. Pony AI Inc is based in Guangzhou, the People’s Republic of China.
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